Back in December I lunged with both hands for that Early Retirement brass ring they were waving at age 59, with about 24½ years of Federal Service (plus about 3 years with the same Museum before they "federalized" us), with a TSP balance of about $300K (all standard, no Roth).
For the past few months we have been living on that early separation payment, various leave and other reimbursements, and a sort of pre-Social Security supplementary payment that has recently just provisionally kicked in.
Some while ago on this forum there was talk of "liberalizing" the TSP withdrawal rules to allow for more than just a single-time lump sum separation withdrawal to make it a little more flexible. Has anything come of that? I have looked over the TSP's booklet, Withdrawing your TSP Account After Leaving Federal Service, but it still only describes that single-time withdrawal of yore.
I am led to understand that others have "rolled over" portions of their TSP balances into Vanguard, Fidelity, or other privately-run 401k (?) type plans tax free if only to enjoy a bit more flexibility in their withdrawal options. Is this still the case, I wonder?
I'd like to get this right, so any advice as to my next best steps would be very gratefully received. By the way, it's kinda swell not to really give a damn about Daylight Savings Time anymore--just one of the perks of "geezing out," I guess.
Posted by: oldbuoy@comcast.net
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